https://www.taxtmi.com/caselaws?id=792333 Delay in filing the appeal was condoned on affidavit evidence because no material rebutted the explanation and the tribunal preferred substantial justice over technicality. On the section 68 dispute, cash deposits said to be recoveries from debtors were accepted as business receipts on the facts, supported by prior balance sheet material, debtor confirmations and identity particulars. As the assessee was a small trader eligible for presumptive taxation and had admitted business income at 8%, the full addition was not sustained; only the presumptive-income component of the disputed amount was upheld and the balance was deleted. en-us Fri, 17 Apr 2026 00:00:00 +0530 Wed, 27 May 2026 07:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792333 Delay in filing the appeal was condoned on affidavit evidence because no material rebutted the explanation and the tribunal preferred substantial justice over technicality. On the section 68 dispute, cash deposits said to be recoveries from debtors were accepted as business receipts on the facts, supported by prior balance sheet material, debtor confirmations and identity particulars. As the assessee was a small trader eligible for presumptive taxation and had admitted business income at 8%, the full addition was not sustained; only the presumptive-income component of the disputed amount was upheld and the balance was deleted. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792333